Versor Investments LP Invests $106,000 in Coursera, Inc. (NYSE:COUR)

Versor Investments LP bought a new position in Coursera, Inc. (NYSE:COUR) during the 3rd quarter, HoldingsChannel reports. The fund bought 13,300 shares of the company’s stock, valued at approximately $106,000.

Several other large investors have also made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in shares of Coursera in the 3rd quarter worth about $149,000. Harbor Capital Advisors Inc. grew its holdings in Coursera by 11.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 26,424 shares of the company’s stock worth $210,000 after acquiring an additional 2,658 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Coursera during the 3rd quarter worth about $835,000. Assenagon Asset Management S.A. grew its holdings in Coursera by 6.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock worth $11,224,000 after acquiring an additional 83,369 shares during the last quarter. Finally, Aspiriant LLC bought a new stake in Coursera during the 3rd quarter worth about $333,000. Institutional investors own 89.55% of the company’s stock.

Coursera Price Performance

Shares of NYSE:COUR opened at $6.93 on Monday. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -13.59 and a beta of 1.44. The firm’s 50 day simple moving average is $7.54 and its 200 day simple moving average is $7.73. Coursera, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $21.26.

Insiders Place Their Bets

In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of Coursera stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total value of $210,000.00. Following the transaction, the director now owns 7,203,892 shares of the company’s stock, valued at approximately $60,512,692.80. The trade was a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 16.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on COUR. KeyCorp decreased their price objective on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Telsey Advisory Group reissued an “outperform” rating and set a $18.00 price objective on shares of Coursera in a report on Monday, October 21st. The Goldman Sachs Group decreased their price objective on shares of Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a report on Friday, October 25th. Needham & Company LLC reduced their target price on shares of Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Cantor Fitzgerald reduced their target price on shares of Coursera from $22.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.93.

Coursera Company Profile

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.